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desparate for CPA in NYC for 2007 filing
- Thread starter antique
- Start date
Quote from antique:
I'm not strictly opposed to extention, it's just that I am unfamiliar with it and prefer to wrap up 2007 before 15 Apr so I can feel I could move forward on a clean slate...with finalization.
Surdo, I'll be picking up a copy of TT tomorrow, will download it and see what sense I could make of it.
I have not elect m2m yet, from what I have read it has not called to me to elect immediately. The only pro I know is that you can counter your losses for the year by previous gains (or something similiar) and the con is that the ira can take away that privelege. What are other pros and cons?
What care do I need to take for 'wash-sales'? Only traded equities last year.
bestF, at some point I may pm you, thanks. My w-2s came from hotel jobs. Call me olde-fashion, I prefer face-to-face with someone who's doing my taxes, it builds a relationship.
Man, I remember sweating when I was working like crazy to get it done by October 15th. Not a fun experience.
datacruncher: I don't know how to elaborate on the m2m status withdrawal from ira. I only understand that 'one day' the ira can decide you're not qualify and not give you back the benefits associated with m2m. Perhaps others can tell you more.
allenhobbs: this year I won't be going for Trader tax Status. Although I've earned more as a trader than my other jobs, I've only begun trading since Aug; therefore, I don't want to raise any eyebrows. However, for 2008, I'd like to be more prepare to claim that status. I have heard a few good recommendations of Green Tax. Besides asking for $900-$1,200 for a basic return, they also want me to pay $150 for a consultation with Green himself. I don't fancy the idea of being hustled to the bone. If/hopefully 2008, I will be more profitable to justify that amt I will consider enlisting their service.
hlj: that's a great site. Do you know why they're offering the standard for free, or are they trying to bait for the $9.95 and $16.95 deluxe and ultimate packages?
I'll post a question on my following post...to keep it separate. Please participate if you wish. Thank you.
allenhobbs: this year I won't be going for Trader tax Status. Although I've earned more as a trader than my other jobs, I've only begun trading since Aug; therefore, I don't want to raise any eyebrows. However, for 2008, I'd like to be more prepare to claim that status. I have heard a few good recommendations of Green Tax. Besides asking for $900-$1,200 for a basic return, they also want me to pay $150 for a consultation with Green himself. I don't fancy the idea of being hustled to the bone. If/hopefully 2008, I will be more profitable to justify that amt I will consider enlisting their service.
hlj: that's a great site. Do you know why they're offering the standard for free, or are they trying to bait for the $9.95 and $16.95 deluxe and ultimate packages?
I'll post a question on my following post...to keep it separate. Please participate if you wish. Thank you.
I ran my numbers through Turbo Tax, as it stands I will owe them $20K for federal. Since I have w-2s from other jobs and have only started trading in Aug, I don't feel comfortable or qualify to claim Trader Status, and I haven't much to deduct under it.
Should I:
1) pay $200 and use my old cpa, who'd filed me as a regular 'joe' and pay the roughly $20K ----or----
2) pay Green Tax their $900-$1,200, plus $150 for consultation and hope for a lesser amt I'd owe ira?
I need to know by tomorrow, Tues night, in order to cxl appt with old cpa. Thank you.
Should I:
1) pay $200 and use my old cpa, who'd filed me as a regular 'joe' and pay the roughly $20K ----or----
2) pay Green Tax their $900-$1,200, plus $150 for consultation and hope for a lesser amt I'd owe ira?
I need to know by tomorrow, Tues night, in order to cxl appt with old cpa. Thank you.